All City & finance articles – Page 131
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AnalysisSuperdry’s Dunkerton: Product and sustainability will see us through
Despite the hit to sales suffered by fashion retailers amid the coronavirus pandemic, Superdry chief executive Julian Dunkerton is positive that, barring absolute disaster, the retailer’s design overhaul and new strategy will set it up for long-term success.
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AnalysisAnalysis: Can retail survive a second national coronavirus lockdown?
As Covid restrictions tighten and the prospect looms of further ‘circuit breaker’ measures, Retail Week looks at how the industry would fare in a second lockdown.
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NewsPeacocks sale on cards as owner Day seeks valuation
The billionaire owner of Edinburgh Woollen Mill has asked for a valuation of the Peacocks business, potentially triggering a sale.
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NewsAsda deal could be struck this week
A sale of Asda could be agreed later this week by parent company Walmart, it is understood.
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NewsSuperdry cautious as coronavirus hits profits
Fashion retailer Superdry has cautioned that ongoing uncertainty and disruption because of the Covid pandemic may affect performance as it posted a slump in sales and profits.
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NewsAspinal of London launches CVA in bid to shutter stores and move online
British heritage brand Aspinal of London has proposed a company voluntary arrangement (CVA) with the aim of moving the brand online.
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NewsCzech billionaire ups stake in Sainsbury’s
Czech billionaire Daniel Kretinsky has taken a major stake in Sainsbury’s, making him the fouth largest shareholder.
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AnalysisEight reasons why Next boss Wolfson is feeling optimistic
Despite the troubles plaguing the fashion sector during the coronavirus pandemic, Next boss Lord Wolfson remains surprisingly upbeat about the future of the business. Retail Week finds out why.
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AnalysisAnalysis: Three ways Inditex beat the fashion blues to return to profit
Zara owner Inditex swung back into the black during its second quarter, despite the ongoing impact of the coronavirus pandemic.
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NewsJohn Lewis boss Wicks: Christmas trading to be ‘as good or better’ than last year
John Lewis’ new boss Pippa Wicks believes the department store will be able to match or surpass last year’s festive sales performance despite ongoing disruption sparked by the coronavirus.
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NewsJohn Lewis axes staff bonus after racking up first-half loss
Department stores and grocery business John Lewis Partnership has posted a first-half loss and told staff they will not receive a bonus this year.
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NewsCo-op profits climb following ‘exceptional’ food performance
Convenience retail and funerals group the Co-operative has posted a surge in profits after the coronavirus outbreak prompted shoppers to flock to its stores.
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NewsNext resilience through pandemic prompts profits optimism
Fashion giant Next has increased its full-year profit guidance as it navigates the disruption caused by the Covid pandemic.
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NewsGovernment extends commercial evictions ban until the end of 2020
The government has extended its moratorium on commercial tenant evictions until the end of 2020 in a move that will likely further deepen divisions between retailers and landlords.
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NewsInditex returns to profitability as online sales soar
Inditex has posted a profit in its second quarter, as it begins to recover from the impacts of the coronavirus pandemic.
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NewsThe Hut Group begins trading on London Stock Exchange after successful float
The Hut Group has begun trading on the London Stock Exchange this morning after its successful float raised £1.88bn, in turn pushing its market capitalisation to £5.4bn.
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Opinion‘Landmark CVA vote must usher in a New Look for retail rents’
One line stood out in New Look chief executive Nigel Oddy’s statement this afternoon after creditors rubber-stamped its controversial company voluntary arrangement (CVA).
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NewsH&M posts ‘better than expected’ recovery
H&M has announced it expects a return to profit this year, as its finances begin to recover post-Covid.
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NewsNext seals deal for Victoria’s Secret UK business
Next has reportedly sealed a deal to snap up a majority stake in Victoria’s Secret’s struggling UK business.
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NewsBoohoo eyes New Look as crunch CVA vote looms
Boohoo is understood to be planning a swoop on New Look if its CVA is not voted through by landlords this week, with the fashion retailer warning it could collapse without rent cuts.